{"id":10788,"date":"2018-11-11T11:11:41","date_gmt":"2018-11-11T19:11:41","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=10788"},"modified":"2018-11-07T14:15:22","modified_gmt":"2018-11-07T22:15:22","slug":"43-of-canadian-families-have-given-upon-the-dream-of-a-low-rise-home","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2018\/11\/43-of-canadian-families-have-given-upon-the-dream-of-a-low-rise-home\/","title":{"rendered":"43% of Canadian Families Have Given Upon The Dream of A Low-Rise Home"},"content":{"rendered":"

The majority of young Canadian families would prefer to live in a single detached home, but many have given up on the dream of ever being able to buy one.<\/p>\n

In fact, 43 percent of families surveyed in a recent report from Sotheby\u2019s International Realty Canada said that high detached home prices meant they had to settle for higher density housing.<\/p>\n

That\u2019s despite 83 percent of respondents indicating that they would prefer to live in a low-rise home, with just 17 percent saying they would rather live in a high rise. The data comes from a poll of 1,743 families in the Vancouver, Calgary, Toronto and Montreal Census Metropolitan Areas, with a focus on families where the adults are between the ages of 20 and 45.<\/p>\n

But while 82 percent of respondents said they felt they had made compromises in the home they purchased, 93 percent reported being \u201csomewhat\u201d or \u201cvery\u201d satisfied with their home. Another 48 percent of respondents indicated that they believed real estate would outperform their other financial investments in the next five years.<\/p>\n

\u201cYoung families are much more influential in Canada\u2019s metropolitan real estate markets than many realize,\u201d writes Brad Henderson, president and CEO of Sotheby\u2019s International Realty Canada, in a statement. \u201cWith 9.1 million Canadian Millennials now entering the partnership, marriage and parenting stages of the family life cycle, the ranks of these \u2018modern families\u2019 are swelling.\u201d<\/p>\n

Henderson writes that the survey results show that demand for low-rise homes continues to rise, in spite of affordability pressures.<\/p>\n

\u201cIt highlights the fact that cities will continue to face significant pressure to overcome these challenges with solutions that go beyond the addition of higher density housing,\u201d he adds.<\/p>\n

43% of Canadian Families Have Given Upon The Dream of A Low-Rise Home<\/a> by Sarah Niedoba | Livabl<\/p>\n","protected":false},"excerpt":{"rendered":"

The majority of young Canadian families would prefer to live in a single detached home, but many have given up on the dream of ever being able to buy one. … [read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-10788","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"\n43% of Canadian Families Have Given Upon The Dream of A Low-Rise Home • Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2018\/11\/43-of-canadian-families-have-given-upon-the-dream-of-a-low-rise-home\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"43% of 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